Hi people, hope you have good trading week!
So, I found similar crash pattern on STRATIS, and it consist of
a-b-c-d-e-f phases by now.
- In a phase we can see major bullrun.
- In b phase we can see 70% drop from (you can measure it on chart using Shift+Click)
- In c phase we can see correction from phase b drop, and making new lows in zone where phase a was started.
- In d phase correction from phase c to levels near b phase drop.
- In e phase small correction of phase d and making new lows under phase a starting zone.
- In f phase i expect some relief and sideways in few weeks before bull run (smaller that phase a)
Can we use same analysis on bitcoin?
I think so, if we going to make similar markup of chart with phases, possibly we are in phase c, and now we are near good correction from this drop, and possible will go up to phase b levels (5600-6000).
Thanks for attention, if you have some thoughts on , please share it in comments section.
PS I still expect 3000-3100 (or even 2500$ with flash dump) to touch, it is possible so take care of your portfolio, dont take too much risk on only one level, try to average your entry.
Hope all good and stay profitable!
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Published at Sun, 16 Dec 2018 18:07:21 +0000